Noka Resources Announces Non-Brokered Private Placement Financing

equities Canada |

Vancouver, BC / TheNewswire / February 2, 2015:  Noka Resources Inc. (TSX-V: NX, FSE: 2NK) (the “Company”) announces that it has arranged a non-brokered private placement (the “Private Placement”) of up to 10,000,000 units (the “Units”) at a price of $0.05 per Unit to raise gross proceeds of up to $500,000.

Each Unit will consist of one common share of the Company and one-half of one non-transferable share purchase warrant (a “Warrant”). Each whole Warrant shall be exercisable to acquire one additional common share of the Company (a “Warrant Share”) for a period of one year at a price of $0.10 per Warrant Share.

The Company intends to use the proceeds from the Private Placement to conduct further exploration on its Athabasca Basin Uranium properties and for general working capital.

The Private Placement is subject to acceptance by the TSX Venture Exchange. All the securities issued under the Private Placement are subject to resale restrictions under applicable securities legislation.

In addition, the Company announces that, further to its joint venture on its Carpenter Lake Uranium Property, the JV Management Committee has determined that one claim consisting of approximately 3,765 hectares does not warrant further exploration and has returned it to the Company. For more information on the joint venture, please visit the Company’s website.

About Noka Resources Inc.:

Noka Resources Inc. is a junior exploration company with a focus on uranium in the prolific Athabasca Basin of Northern Saskatchewan. Noka’s exploration strategy is focused in relatively underexplored areas of the Athabasca Basin Region, targeting favourable geology and structure amenable to near surface, unconformity-style uranium mineralization.

With a total prospective land position of 493,236 hectares, Noka holds one of the largest geologically prospective land packages in the region through a 100% interest in the Clearwater (which includes the Carpenter Lake) and Athabasca North group of properties, an option to earn 100% interest in the Lodge Pole Point Project, as well as a 25% interest in the Western Athabasca Syndicate group of properties.

For further information, please contact Nav Dhaliwal, President, at or visit


“Nav Dhaliwal”

Nav Dhaliwal

President and CEO

(604) 678-5308

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Emerging Growth

MGX Minerals Inc.

MGX Minerals is a diversified Canadian mining company listed on the Canadian Securities Exchange. MGX is engaged in the acquisition and development of industrial mineral deposits in western Canada that…

Private Markets


Cloudera offers enterprises a new data platform built on the Apache Hadoop open-source software package. Hadoop is a data-management platform that can consolidate data in a single repository for comprehensive…

Ozobot by Evollve Inc

Ozobot is a world leader in compact super intelligent robots that entertain and educate through fun interactive gaming.